105 / 140
103
Consolidated Cash Flow Statement
for the year ended March 31, 2012 (contd)
As per our attached report of even date
For and on behalf of the Board of Directors
For Dalal & Shah
Firm Registration No. 102020W
Sunil S Lalbhai
Chartered Accountants
Chairman & Managing Director
G S Patel
S S Baijal
B S Mehta
H S Shah
S Venkatesh
S M Datta
Partner
R A Shah
Samveg A Lalbhai
Membership No. F-037942
T R Gopi Kannan
V S Rangan
Managing Director
Mumbai
President, Finance &
B N Mohanan
Mumbai
May 15, 2012
Company Secretary
Directors
May 15, 2012
(
`
cr)
Particulars
2011-12
2010-11
(B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible assets
(130.64)
(50.62)
Purchase of intangible assets
(2.87)
0.01
Capital advances
0.03
(1.43)
Acquisition of minority interest
0.24
(0.04)
Investments in associate companies
5.15
(21.18)
Investments in other companies
(0.74)
-
Exchange difference on consolidation
16.47
0.46
Long-term bank deposits
0.87
(1.17)
Short-term bank deposits
4.34
2.96
Sale of fixed assets
6.42
2.74
Interest received
1.24
1.18
Dividend received
1.59
5.42
Net cash used in investing activities
B
(97.90)
(61.67)
(C) CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long-term borrowings
29.97
(61.67)
Add: Exchange rate difference
(6.08)
0.94
Proceeds from long-term borrowings (adjusted)
23.89
(60.73)
Proceeds from short-term borrowings
39.40
94.82
Total proceeds from borrowings
63.29
34.09
Acquisition of subsidiary company
6.63
-
Payment of Unclaimed dividend
(0.08)
-
Interest paid
(37.26)
(25.42)
Dividend on Equity Shares (including dividend distribution tax)
(16.42)
(13.79)
Net cash used in financing activities
C
16.16
(5.12)
Net change in cash and cash equivalents
A+B+C
6.87
(8.18)
Opening balance - cash and cash equivalents
15.50
23.68
Closing balance - cash and cash equivalents
22.37
15.50
6.87
(8.18)
Notes to the Cash Flow Statement for the year ended March 31, 2012:
The Cash Flow Statement has been prepared under the ‘Indirect Method’ set out in Accounting Standard-3 ‘Cash
Flow Statement’ referred to in the Companies Accounting Standard Rules, 2006.